TY  - BOOK
AU  - Morini,Massimo
TI  - Understanding and managing model risk: a practical guide for quants, traders and validators 
T2  - Wiley finance series
SN  - 9781119960850
AV  - HD61 .M67 2011eb
U1  - 332.64/5 23
PY  - 2011///
CY  - Chichester, West Sussex
PB  - Wiley
KW  - Risk management
KW  - Mathematical models
KW  - BUSINESS & ECONOMICS
KW  - Finance
KW  - bisacsh
KW  - Investments & Securities
KW  - General
KW  - fast
KW  - Electronic books
N1  - Includes bibliographical references and index; Cover; Series; Title Page; Copyright; Preface; HOW WE PROCEED; WHAT ELSE YOU WILL FIND IN THIS BOOK; Acknowledgements; Part I: Theory and Practice of Model Risk Management; 1: Understanding Model Risk; 1.1 WHAT IS MODEL RISK?; 1.2 FOUNDATIONS OF MODELLING AND THE REALITY OF MARKETS; 1.3 ACCOUNTING FOR MODELLERS; 1.4 WHAT REGULATORS SAID AFTER THE CRISIS; 1.5 MODEL VALIDATION AND RISK MANAGEMENT: PRACTICAL STEPS; 2: Model Validation and Model Comparison: Case Studies; 2.1 THE PRACTICAL STEPS OF MODEL COMPARISON; 2.2 FIRST EXAMPLE: THE MODELS
N2  - "A guide to the validation and risk management of quantitative models used for pricing and hedging. Whereas the majority of quantitative finance books focus on mathematics and risk management books focus on regulatory aspects, this book addresses the elements missed by this literature--the risks of the models themselves. This book starts from regulatory issues, but translates them into practical suggestions to reduce the likelihood of model losses, basing model risk and validation on market experience and on a wide range of real-world examples, with a high level of detail and precise operative indications"--; "Understanding and Managing Model Risk is a guide to the validation and risk management of quantitative models used for pricing and hedging"--
UR  - http://onlinelibrary.wiley.com/book/10.1002/9781118467312
ER  -